PANews, November 20, news reports from The Block that driven by the launch of BlackRock's iShares Bitcoin Trust (IBIT) first-day options trading, the price of Bitcoin has reached an all-time high, breaking through the $93,900 mark for the first time. As the first spot Bitcoin ETF approved for options trading, IBIT saw a first-day trading volume close to $1.90 billion in notional exposure, totaling 354,000 contracts, of which 289,000 were call options and 65,000 were put options.

Analysts stated that this trading volume is significantly higher than the first-day performance of other ETFs, such as BITO, which had a first-day trading volume of only $363 million. Market experts expect that with the increase in open interest for Bitcoin ETF options, market liquidity will improve, and volatility may gradually decrease. Additionally, Bitwise and Grayscale's Bitcoin ETF options are expected to start trading this Wednesday, with more similar products set to be launched in succession.